To start, take a trip to your local game shop. Game Crazy and Game Stop are two popular gaming stores that regularly carry related magazines (although you may discover that your local game shop carries only one). One of the things that you’ll want to do while looking over these magazines is to compare prices of both games and game systems. The Gamer Informer magazine shows no preference, and provides a one to two inch thick critique of the newest stuff out there. Inside this resource, you’ll find commentary on the Wii, EA games, the PS3, the Xbox 360, PC games, the PS2, the PSP and the DS system.

As a no holes barred manual to what’s hot and what’s not, gaming magazines show you how news in the mainstream media affects game production and how it can affect not only your purchase decisions, but the type of games you play as well. It isn’t uncommon for a game to experience a rise in sales just from being mentioned in the 5:00 news hour.

You could learn what’s happening with new and competitive gaming businesses before investing in their products, however if you dig a little deeper, you can even find out what’s influencing the market that you’re a part of.

Here’s an example of what we mean:

“Today, professional gaming took a giant leap forward. DIRECTV, Inc., the nation’s leading digital service provider and key partners are taking the professional gaming industry to the next level with the creation of a new video gaming professional sports league that will be the standard for the industry and redefine the consumer gaming experience.”1

You can also discover what influence the news has on gaming within an international level:

“The British Academy of Film and Television Arts today announced that its 2007 British Academy Video Games Awards will be held on the evening of Tuesday 23 October at Battersea Evolution in London.”2

Interested in console specific information? How about Nintendo:

“Nintendo plans to boost Wii production (AP via Yahoo! News) Nintendo’s president acknowledged Friday that the shortage of the hit Wii game machine was “abnormal,” and promised production was being boosted to increase deliveries by next month.”3

Of course, there’s always the chance that you’ll find out things you’re weren’t exactly supposed to find in the first place:

“Halo 3 gameplay leaked online (The Inquirer) A VIDEO HAS has appeared online showing seven minutes of fresh, crisp Halo 3 gameplay.”4

From these few, small examples, you’ve learned about the creation of a new video gaming professional sports league, the Academy Video Games Awards, a boost in Wii production, and the leak of a “certain” video from a “certain” game. Just imagine what you’d find out with a monthly subscription to GamePro (www.gamepro.com), Computer Games Magazine (www.cgonline.com), or GameSlice (www.gameslice.com)!

One alternative to funding a gaming pursuit with a second mortgage is to “go old.” By “going old,” we mean buying last month’s or year’s games and game systems. If you could admit the one truth that we all know, but never readily face, you could literally save hundreds of dollars in an instant. This truth is that unless you’re a millionaire, none of us can afford to buy the latest toy on the market. The ugly fact behind that truth is that within a relatively short amount of time (say, 60-90 days?), that latest toy will be replaced with a new and improved system, which consequently, grants access to what was wanted in the first place – at half the price! So go old and have a little patience. Within about three to four months, you will have made a tremendous saving.

When it comes to computer gaming, you could also come out better by upgrading games rather then an entire computer. It can take anywhere from a year or more for a gaming company to release a new version and chances are, the upgrade doesn’t require new hardware – it just requires a new payment. Remember, the gaming industry can’t really keep up with the computer industry either (no one can), so there’s no reason to panic or worry. Concentrate on keeping your game current rather than your system. Only in rare instances, such as if your computer is archaic to begin with, will you need to upgrade your hardware. Shop wisely and you can catch a new soundcard, joystick, or graphics card on sale. But if you have a high gigahertz processor and Direct X 9 installed, you’ll do fine for quite a while.

Here’s a whopper of an idea and one that probably won’t take as much of an effort to convince younglings to do as you might think. But to curb the costs of gaming, perhaps a group of families could pitch in and share the finances together. Depending on the number in a group, the cost of a new gaming system – and 5 or 6 of the most popular games – could diminish to 20% or more of their original costs.

And since gaming consoles are getting smaller and smaller, there’s no reason why a group of families couldn’t band together and trade gaming space within their homes every week or two. This way the kids in the neighborhood can enjoy one or two of the new systems on the market that they could never otherwise afford, and they can enjoy them without their parents having to shoulder the burden of funding them alone.

Seeing that kids generally play games together anyway, a group effort of this sort satisfies game cravings at a significantly reduced cost and it keeps everyone happy.